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AfrOil has always been at the forefront of news and analysis on political change in Africa. Leading commentaries in recent years have covered the Arab Spring in North Africa, the splitting of Sudan, and regional political divides in Nigeria and other countries. AfrOil not only provides analysis of what is happening on the political landscape, but gives insights in to what effects this may have on the oil & gas industry in these regions.
AfrOil highlights company activity throughout Africa, from planning and investment to production and results. Through its coverage of new projects and developments, as well as contracts or tenders being announced and won, AfrOil has allowed our customers to keep ahead of their competition and look for new opportunities across the continent.
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Sintana agrees $6.5mn deal for indirect 35% stake in Namibia’s PEL 37
Sintana will acquire 44% of Maravilla, a Namibian company that owns 80% of Paragon Oil & Gas. Paragon in turn owns and operates 100% of PEL 37, which covers 17,295 square kilometres offshore Namibia.
Nigeria says deepwater tax overhaul targets $50bn investment, with potential to add 1mn bpd
Nigeria’s new tax incentives for deep offshore oil and gas projects could unlock as much as $50bn in investment and add almost 1mn bpd) of crude oil and condensate production within four to five years, according to the upstream regulator.
ASP Isotopes begins commissioning South African helium plant ahead of September shipments
ASP Isotopes (Nasdaq: ASPI; JSE: ISO) has begun commissioning the liquid-helium facility at its Virginia Gas Project in South Africa’s Free State province, with the first commercial shipments expected in September.
Ghana petroleum regulator says scrutiny has delivered $2.2bn in savings and potential gains
Ghana’s upstream petroleum regulator says tighter scrutiny of oilfield development and costs has delivered about $2.2bn in savings and potential gains.
African independent oil and gas companies expand upstream role as IOCs divest assets
African independent oil and gas companies are expanding their role in the continent’s upstream sector as international oil companies sell mature assets and local operators take on larger production portfolios.
Niger seeks US investment in oil and gas sector
Niger is seeking US capital, technology and training partnerships for its oil and gas industry as Niamey broadens its foreign economic ties following the 2023 military coup
ExxonMobil unit deploys rig for $1bn Nigeria Usan infill project
ExxonMobil affiliate Esso has deployed the Noble Gerry de Souza drillship for the $1bn Usan infill project, targeting up to 40,000 bpd of additional Nigerian oil production.
DNO sells Côte d’Ivoire oil and gas business to Panoro for $86.5mn
Norwegian oil and gas producer DNO ASA (OSE: DNO) has agreed to sell its Côte d’Ivoire business to Panoro Energy ASA (OSE: PEN) for total consideration of $86.5mn as it concentrates its portfolio around its expanded North Sea operations.
Africa-focused Panoro Energy declares $4.9mn cash distribution with production at record high
Panoro Energy (OSE: PEN) has declared a NOK50mn ($4.9mn) cash distribution to shareholders after reporting record production levels and continued expansion of its African oil and gas portfolio.
Tanzania development bank expands financing push for renewable energy projects
TIB Development Bank is preparing to increase financing for energy projects in Tanzania, including solar, wind and hydropower, as the state-owned lender seeks to advance the country’s Dira 2050 development agenda.
Regional integration key to SADC energy security, Ramaphosa says
South African President Cyril Ramaphosa and the African Energy Chamber are calling for deeper regional integration in energy, infrastructure and trade to strengthen SADC’s energy security and support industrial development.
Equinor enters Namibia with 17.4% stake in Chevron-operated offshore licence
Equinor has agreed to acquire a 17.4% participating interest in PEL 90 offshore Namibia from Chevron subsidiary Harmattan Energy Limited, marking the Norwegian oil producer’s entry into the emerging Orange Basin.
S&P affirms Angola at B- as high oil prices offset fiscal and debt risks
S&P expects oil prices to average about $98 per barrel in 2026, compared with $69 per barrel in 2025 and the $61 per barrel assumption used in Angola’s 2026 budget.
Ghana says gas-to-power shift saves $500mn a year as oil output rebounds, says minister
Ghana's switch to gas-fired power generation has cut its reliance on imported liquid fuels, saving the country roughly $500mn a year, Energy and Green Transition Minister John Abdulai Jinapor said.
Natural gas emerges as potential power source for Africa’s data centre growth
Natural gas is emerging as a potential source of reliable electricity for Africa’s expanding data centre industry, as operators face weak national grids and rising power requirements from artificial intelligence workloads.
Mauritius’ labour union demands transparency on petrol price build-up
Mauritius’ decision to raise petrol prices by 10% has triggered criticism from trade unions and financial analysts, who warn the increase will squeeze household incomes and raise transport and consumer costs, Le Mauricien reported on August 18.
Mozambique sees LNG revenues topping $101mn by 2029
Mozambique expects state revenues from liquefied natural gas (LNG) projects to rise to more than $101mn in 2029, when TotalEnergies’ project is scheduled to begin production.
ExxonMobil and partners award $1.1bn of pre-FID contracts for Mozambique’s Rovuma LNG
ExxonMobil and its Area 4 partners have awarded about $1.1bn in contracts for long-lead equipment and early construction work for the Rovuma LNG project in Mozambique, as the developers move closer to a final investment decision (FID).
Yemen's Houthis claim strikes on Saudi navy vessels in Red Sea
Yemen's Houthi movement says it struck a Saudi military landing ship and four escort boats with ballistic missiles in the Red Sea off Mokha, claiming the ship was destroyed. The assertions could not be independently verified.
ReconAfrica flows gas and potential liquids to surface at Namibia well
ReconAfrica has flowed natural gas and potential liquids to surface from a second zone at its Kavango West 1X discovery well in northeastern Namibia.
Nigeria's Dangote refinery challenges regulator over 15.5mn-barrel crude supply gap
Nigeria’s Dangote Petroleum Refinery has challenged upstream regulator NUPRC to substantiate its claim that the plant accepted 52.6mn barrels of the 68.1mn barrels of crude offered by producers in 2Q26, leaving a 15.5mn-barrel gap.
Namibia estimates 10bn barrels of petroleum resources after 50 exploration wells
Namibia has drilled about 50 oil and gas exploration and appraisal wells and estimates its petroleum resources at around 10bn barrels, of which about one-third could be commercially recoverable, Bank of Namibia Governor Ebson Uanguta has said.
Analysts predict mid-to-high $80s per barrel oil prices for this year
Oil price forecasts for 2026 are converging around the mid-to-high $80s per barrel after months of extreme revisions triggered by the Middle East conflict.
Chevron makes oil and gas condensate discovery offshore Angola
US energy major Chevron (NYSE: CVX) has discovered oil and gas condensate in Angola's offshore Block 0. The 105-4X exploration well was drilled in the Lower Congo Basin.
African Energy Chamber, Lothian Vineyards to launch 'Drill Baby Drill' wine brand at AEW 2026
The African Energy Chamber and South African wine estate Lothian Vineyards have created “Drill Baby Drill”, an exclusive wine brand celebrating Africa’s energy industry ambitions.
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